Wednesday, April 30, 2008

Debt Professionals

debt professionals
Our world actually is a huge family, you know? In the case of poor countries which have debts there are global financing programs specially issued to help poor countries pay their debts. Actually managing debts means managing money and having a special vocation for it. There are people and countries as well that are not able to manage finances. In the case of people they might be bright persons, educated ones in their domain, but they are always overwhelmed by debts because their brain is not business oriented. At this point they need help from professionals who can assist them organize their income and their expenses so that debt should not be a problem for them anymore. These professionals are able to personalize financial schedules according to any particular situation.

Monday, April 28, 2008

Available Credit Cards

no credit cards
I was surprised when I saw this credit card company that does business with people with no credit history because I know most of those credit card companies prefer consumers or clients with the best track record of credits. Some of the no credit check credit cards coming from clients who applied sometimes get rejected because they don’t have enough credentials or proof that they can be creditworthy. This is because most credit card companies nowadays require a lot of documents before issuing you your plastic card. Sometimes they reject your application because of just one document lacking. Other applications were denied also because of bad previous credit history problems. But at, you can consider your application for credit card approved. All you need is an amount of money that you will deposit in a bank and will be your credit limit. You will not be rejected by applying for a secured card because it offers a guaranteed approval.

Friday, April 25, 2008

Some Humour

A mathematician, an accountant and an economist apply for the same job.
The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."
Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."
Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says "What do you want it to equal?"
An economist is a trained professional paid to guess wrong about the economy.

A woman hears from her doctor that she has only half a year to live. The doctor advises her to marry an economist and to live in South Dakota. The woman asks: will this cure my illness? Answer of the doctor: No, but the half year will seem pretty long.

The First Law of Economists: For every economist, there exists an equal and opposite economist.The Second Law of Economists: They're both wrong.

Wednesday, April 23, 2008

Some Personal Finance Tips

personal finance
You should have a savings account to meet your needs. Save at least 10% of income in your saving account. It will be very helpful to your in case of an emergency. You can also spend this money on higher studies of your children.
Always save some money for emergencies. Keep this money in a separate bank account and don’t touch this money unless there is an emergency. This money will help you in emergencies like loss of job, sudden injury or medical emergency.
In some departments, a fixed part of salary of employees is automatically deducted to the retirement fund. This deduction plan is beneficial. Contribute as much as you can to your retirement fund and don’t touch this money because it is for your future. If you withdraw some money from this fund before retirement then various tax implications and early withdrawal penalties will reduce the principal amount.
If you have two credit cards then you should make all payments with that credit card which has higher interest rate. Suppose rate of interest on one card is 12 percent and on another card is 15 percent then you should make all the payments with credit card which has 15 percent interest before using the second card.

Monday, April 21, 2008

Your Credit

What do you think about credit cards? Are they your friends or foes? If you have bad or no credit history, you surely faced a lot of problems. High interest rates and fees, long waiting, etc. Fortunately, nowadays you can get instant credit card approval even if you have bad credit rating. It is convenient option, indeed! Besides, being a lucky owner of high credit score, you can apply for one of the best visa card deals and enjoy its advantages.

Thursday, April 17, 2008

I Made a Good Deal

I busied myself making some posts for my blog when I got a call from my friend. He told me he was in a furniture store which is very close to my house. I have seen this store everyday but never thought of dropping by to see what's inside. And today, I went there and was surprised how cheap their furniture items are. They sell hotel furniture items which are slightly used. They have entertainment units, decorative mirrors, lamps, sofas, wall frames and a lot more. While looking around, amazed how cheap the items are, I noticed this very nice, leather black computer chair. They sell it for $50 but the owner gave it to me for only $35.00. I decided to buy it for myself so I can sit comfortably while working at home. I really like it.

Monday, April 14, 2008

Some Mistakes which Can Harm Your Credit Worthiness

We all want to have better credit and to see our score in an around 600. But to maintain this much credit score you need to wipe out some mistakes. In this post I am discussing some basic mistakes which consumers do.

1. A credit card for wrong reasons: Consumers sometimes ended up taking a credit card for some wrong reasons or without any reason. Credit card companies are there to do their business and to take as much money as possible from consumer’s pocket. But you have to decide which card is essential for you.
2. Choosing a wrong card: This is one of the biggest mistakes made by so many credit card users. They don’t shop for the right card. Actually I want to mean, do a search before taking a card. Look for companies that offer less interest card. In fact 1 percent less interest card can help you a lot.
3. Crossing credit limit: Crossing the limit of your credit card can have a bad effect on credit report. It has been found that many customers exceed their credit limit. So it is better not to do so.
4. Ignoring monthly statement: Monthly statements are very important for any customer. And they need to check it properly because there may be some wrong information or discrepancy involved. Also you should go though the terms and conditions of that credit card and the charges of late fees.
5. Buying unnecessary things: Credit card is easy money for the customers and that’s why they tend to purchase many things which are unnecessary for day-to-day life. Credit card should be use only to purchase necessary things and in the time of emergency.

Thursday, April 10, 2008

Airline Credit Cards – Save Money on Journey

air miles
There is a great variety of credit cards with rewards on the market today. They attract many consumers and business owners who want to save some money spending with plastics. And airline cards are among the popular ones. Such cards enable to make purchases, withdraw cold cash at the ATM (even abroad), book hotel stays, airline tickets and so forth. Moreover, they give the opportunity to earn miles and redeem them for a free ticket and other rewards. You can make purchases with great credit card deals and get points for every dollar spent. The more you spend the more points you earn. Simple, isn't it?
The rewards of air miles credit cards differ from company to company. But no doubt, you can find a beneficial and suitable one for you.
Unfortunately, all these benefits can be used only by those active travelers with good or excellent credit score. If your score is far from perfect, credit cards with rewards can be a good stimulus to improve your credit and get benefits in the future.

Wednesday, April 9, 2008

Developing a Spending Plan

spending plan
Are you the type of person who falls behind on their bills and other regular monthly payments? Do you apply for credit and then spend all the way up to the credit limit because you think it's a type of "free money"? Do you have problems balancing your checkbook or stretching your money from payday to payday? While many of us struggle to stay above water financially, there are many solutions to our money problems that can be dealt with using common sense.

First of all, if at all possible, follow a zero-balance policy for your credit cards, if you're going to use them at all. Since you are probably paying way too much in interest, try to only buy items on your credit card that you know you can pay off before the next statement. A zero-balance strategy will allow you to use credit cards conveniently, and gain points from reward systems without being penalized by high interest charges. And if possible, eliminate the use of store credit cards entirely, as they tend to have much higher interest rates than traditional VISA and Mastercard credit cards.

If you feel you must access other services, such as short term loans or payday advances, use the money wisely to pay off other outstanding debts that would otherwise incur other service charges or fees. Short term loans will provide you with fast cash, but you must be able to manage it wisely as you are paying a very high price for this service. Whenever possible, use your bank's lending services (overdraft protection, line of credit) to deal with situations that require you to use money that you don't have.

It's important that you develop a plan that will minimize the use of credit and rely more on spending only money that you have. Sit down and figure out what your monthly costs are, and how much you are earning, and design a system whereby you will be spending less that you earn, allowing you to eradicate your credit card (and other) debts, reduce service charges, and eliminate other fees that are taking money right out of your pocket. The money would be better spent on personal investments rather than on some financial organization.